Transparency Market Research Report Added "Baby Care Products Market - Global Industry Analysis, Size, Share, Growth and Forecast 2007 - 2017" to its database.
Albany, NY -- (SBWIRE) -- 08/28/2015 -- Financial stability and rising average age of parents lead to higher expenditure on baby care and convenience products, which has resulted in positive growth of the global baby care products market. The growing number of live births in emerging nations, rise in disposable incomes of parents, and the increasing number of women entering the mainstream workforce across the globe are some of the factors anticipated to boost demand for baby care products in the near future. In 2011, the global baby care products market stood at US$44.7 billion and is anticipated to touch US$66.8 billion by the end of 2017, growing significantly at a 7.0% CAGR between 2012 and 2017.
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Baby Cosmetics and Toiletries Segment Expected to be Valued at US$62.3 Billion by 2017
The global baby care products market has been broadly segmented into baby cosmetics and toiletries and baby safety and convenience products. Presently, a majority of total revenue in the baby care products market is generated by the baby cosmetics and toiletries market segment. In 2011, baby cosmetics and toiletries were valued at US$41.3 billion and held a dominant majority of the market, accounting for 92.2% of the overall market. This segment is anticipated to touch US$62.3 billion by the end of 2017, exhibiting growth at a 7.1% CAGR.
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Further sub-segmentation of baby cosmetics and toiletries comprises baby skin care products (such as baby powder, body lotions, baby massage oil, jelly, ointments, and creams), baby hair care products (such as detangles, baby shampoos, and conditioners), bath products (such as soaps and shower gel or bubble bath), toiletries (such as cloth, diapers, disposable diapers/waterproof nappy, baby wipes, perfumes/baby fragrances, and training nappy), and baby sun care products. Baby safety and convenience products include baby strollers, baby car seats, and organic and natural baby care products.
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Baby Care Products Market in EMEA to Hold Majority Share by 2017
For the purpose of geographical analysis, the global baby care products market has been segmented into Latin America; North America; Europe, the Middle East, and Africa (EMEA); and Asia Pacific.
Among all these regions, in the present scenario, Asia Pacific and EMEA are the leading regions bearing immense growth potential for the baby care products market. In 2011, EMEA accounted for 34.5% of the global market, whereas Asia Pacific totaled 28.7% of the global baby care products market in terms of revenue. The EMEA baby care products market is anticipated to touch US$23.5 billion and account for around 34.7% of the overall market by the end of 2017. On the other hand, Latin America is estimated to be the fastest growing region, exhibiting a progressive 8.9% CAGR between 2012 and 2017. The market share of Asia Pacific is also estimated to rise in the near future, owing to the increasing disposable income of the population in this region.
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The global baby care products market is extremely fragmented, owing to the presence of many significant players in this market. The market is majorly led by toiletries manufacturing companies such as Procter & Gamble (P&G), Johnson & Johnsons, and Kimberley-Clark. In the present scenario, P&G dominates the global baby care products market owing to the roaring success of its diapers brand, Pampers. On the other hand, Kimberley-Clark holds the second position, with popular brands such as DryNites, Huggies, Pull-Ups, and GoodNites. The third position in the global baby care products market is held by Johnson & Johnson, which offers a wide range of products such as sun care, bathing products, skin care, and hair care.
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